Primary Income Distribution Account (current prices)

Use Resources Income from property transferred to the “rest of the world” Subsidies for production and imports Primary income balance (gross) (p5.-p.6 – p.7) Total (p.6 + p.7 + p.8) 1. Gross profit and gross mixed income Wages of employees Taxes on production and imports Property income derived from the “rest of the world” Total […]

Methodological and methodical features of macroeconomic analysis

Aggregation. First of all, it should be borne in mind that aggregated parameters are used in macroeconomics. The macroeconomic view of the national economy distinguishes in it three or four economic entities: the household sector, the business sector, the public sector and abroad. Each of these sectors is a collection of real economic entities. In […]

Macroeconomics as a branch of economic science

Economic theory became a science after the classics substantiated that the main source of a nation’s wealth is not the amount of natural resources available to it, but an effective form of organization of the social economy. Since then, the subject of economic research has been the relationship between people regarding the production, distribution, exchange […]